Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Up 194.0% in May

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 16,499 shares, an increase of 194.0% from the April 30th total of 5,611 shares. Based on an average daily trading volume, of 147,748 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in Federated Hermes MDT Large Cap Growth ETF by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,630,122 shares of the company’s stock worth $219,258,000 after acquiring an additional 30,340 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Federated Hermes MDT Large Cap Growth ETF by 24.3% during the first quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock worth $29,278,000 after acquiring an additional 191,570 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Federated Hermes MDT Large Cap Growth ETF during the fourth quarter worth $19,330,000. MML Investors Services LLC boosted its stake in Federated Hermes MDT Large Cap Growth ETF by 8.4% during the fourth quarter. MML Investors Services LLC now owns 310,793 shares of the company’s stock worth $10,278,000 after acquiring an additional 24,099 shares in the last quarter. Finally, Stegent Equity Advisors Inc. boosted its stake in Federated Hermes MDT Large Cap Growth ETF by 89.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 173,058 shares of the company’s stock worth $5,723,000 after acquiring an additional 81,574 shares in the last quarter.

Federated Hermes MDT Large Cap Growth ETF Price Performance

Shares of FLCG traded up $0.25 during trading hours on Friday, hitting $34.96. 10,719 shares of the stock were exchanged, compared to its average volume of 96,053. Federated Hermes MDT Large Cap Growth ETF has a fifty-two week low of $28.02 and a fifty-two week high of $35.01. The business has a 50-day moving average of $32.52 and a 200-day moving average of $32.37. The firm has a market capitalization of $513.91 million, a P/E ratio of 32.19 and a beta of 1.18.

Federated Hermes MDT Large Cap Growth ETF Company Profile

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.